BOC · BOSTON OMAHA Corp

Could not be re-screened as of 2026-07-15 — share count for BOC predates its balance sheet (2023-08-10 < 2026-03-31). The figures below are from the last successful run and may be stale.

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. The company operates through General Indemnity Group, LLC (GIG); Link Media Holdings, LLC (LMH); Boston Omaha Broadband, LLC (BOB); and Boston Omaha Asset Management, LLC (BOAM) segments. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. Boston Omaha Corporation was founded in 2017 and is headquartered in Omaha, Nebraska.

Cap structure and valuation

Cap structure
SP	$13.55
SO	30.2M
Options	0.0M
Warrants	0.0M
FD SO	30.2M
MC	$410.0M

Cash	$28.8M
Total debt	$25.5M
EV	$406.7M

TTM Multiples
EV / Revenue	3.5x
EV / EBITDA	33.6x
MC / Net Income	—
EV / FCF	—
MC / FCF	—

Ownership & coverage
Institutional	70.3%
Insiders	4.7%
# Institutions	176
Analysts	0
Consensus	—
Avg target	—

Short % float	10.0%
Days to cover	8.13

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2023-08-10. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.

Financial statements

	3/31/26	12/31/25	9/30/25	6/30/25
Total Revenue	28.25	29.71	28.73	28.20
Revenue YoY %	1.9%	6.4%	3.7%	4.1%
Cost of Revenue	10.78	10.70	9.72	9.57
Gross Profit	17.47	19.01	19.02	18.64
Gross Profit YoY %	(6.3%)	(2.1%)	1.8%	0.9%
Gross Margin %	61.8%	64.0%	66.2%	66.1%

SG&A	3.88	4.09	4.01	4.00
Operating Expense	19.66	20.26	20.07	19.46

Operating Income	(2.19)	(1.26)	(1.05)	(0.82)
Operating Income YoY %	(174.2%)	1.1%	(42.2%)	81.3%
Operating Margin %	(7.7%)	(4.2%)	(3.7%)	(2.9%)
EBITDA	2.26	3.26	3.27	3.33
EBITDA Margin %	8.0%	11.0%	11.4%	11.8%

Interest Expense	0.61	0.57	0.65	0.57
Other Income / (Expense)	—	(3.47)	(3.46)	(3.92)
Pretax Income	(3.23)	(5.29)	(5.17)	(5.31)
Tax Provision	(0.67)	1.66	(0.81)	(0.74)
Net Income	(2.56)	(6.95)	(4.36)	(4.57)
Net Income to Common	(2.15)	(6.85)	(2.59)	(2.32)
Net Margin %	(9.0%)	(23.4%)	(15.2%)	(16.2%)

Diluted EPS	-$0.07	-$0.22	-$0.08	-$0.07
Basic EPS	-$0.07	-$0.22	-$0.08	-$0.07
Diluted Avg Shares	30.8	—	31.5	31.5
Basic Avg Shares	30.8	—	31.5	31.5

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Total Revenue	114.89	114.38	108.27	96.25	81.23
Revenue YoY %	0.5%	5.6%	12.5%	18.5%	—
Cost of Revenue	40.76	39.07	34.34	31.90	—
Gross Profit	74.13	75.31	73.93	64.35	54.54
Gross Profit YoY %	(1.6%)	1.9%	14.9%	18.0%	—
Gross Margin %	64.5%	65.8%	68.3%	66.9%	67.1%

SG&A	15.98	15.88	16.24	16.11	12.86
Operating Expense	79.45	79.24	82.40	73.21	59.77

Operating Income	(5.32)	(3.93)	(8.47)	(8.85)	(5.23)
Operating Income YoY %	(35.4%)	53.6%	4.3%	(69.3%)	—
Operating Margin %	(4.6%)	(3.4%)	(7.8%)	(9.2%)	(6.4%)
EBITDA	12.12	13.09	6.03	10.71	9.89
EBITDA Margin %	10.5%	11.4%	5.6%	11.1%	12.2%

Interest Expense	2.40	2.33	1.60	1.15	1.21
Other Income / (Expense)	(11.28)	(12.13)	13.16	0.85	14.31
Pretax Income	(19.00)	(18.38)	3.10	(9.15)	7.87
Tax Provision	(0.56)	(0.08)	(0.27)	(2.98)	(2.50)
Net Income	(18.43)	(18.31)	3.37	(6.17)	10.38
Net Income to Common	(13.91)	(12.43)	(1.29)	(7.00)	10.23
Net Margin %	(16.0%)	(16.0%)	3.1%	(6.4%)	12.8%

Diluted EPS	-$0.44	-$0.40	-$0.04	-$0.23	$0.34
Basic EPS	-$0.44	-$0.40	-$0.04	-$0.23	$0.34
Diluted Avg Shares	30.8	31.4	31.5	31.1	29.8
Basic Avg Shares	30.8	31.4	31.5	31.1	29.7

	3/31/26	12/31/25	9/30/25	6/30/25
Cash & Equivalents	28.79	28.62	37.05	29.69
Short-term Investments	28.46	28.19	30.54	38.93
Receivables	11.61	16.02	14.89	13.35
Other Current Assets	41.21	46.10	43.64	42.36
Total Current Assets	110.07	118.94	126.13	124.33

Net PPE	174.52	172.60	168.31	167.47
Operating Lease ROU	56.68	58.43	59.04	60.19
Goodwill	182.38	182.38	182.38	182.38
Intangible Assets	49.57	51.36	53.11	54.78
Long-term Investments	46.56	51.43	57.64	66.59
Other Assets	76.37	77.93	74.75	74.88
Total Assets	696.16	713.07	721.35	730.63

Current Debt	2.40	2.39	1.93	1.92
Current Lease Liabilities	4.97	5.27	5.26	5.32
Other Current Liabilities	51.91	52.52	53.81	53.54
Total Current Liabilities	59.28	60.17	61.00	60.78
Long-term Debt	45.78	46.38	43.39	43.85
Long-term Lease Liabilities	52.50	54.38	54.57	55.48
Other Liabilities	15.43	16.06	14.47	15.24
Total Liabilities	172.99	177.00	173.43	175.35

Retained Earnings	(19.32)	(17.18)	(10.33)	(7.74)
Total Equity	523.17	536.07	547.93	555.28

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Cash & Equivalents	28.79	28.62	28.29	21.95	25.49
Short-term Investments	28.46	28.19	44.95	24.75	6.29
Receivables	11.61	16.02	12.43	12.14	5.83
Other Current Assets	41.21	46.10	31.77	72.55	76.35
Total Current Assets	110.07	118.94	117.45	131.39	113.96

Net PPE	174.52	172.60	161.59	144.27	115.59
Operating Lease ROU	56.68	58.43	59.74	61.40	64.72
Goodwill	182.38	182.38	182.38	182.38	179.46
Intangible Assets	49.57	51.36	58.33	65.53	68.34
Long-term Investments	46.56	51.43	74.08	87.10	26.14
Other Assets	76.37	77.93	74.77	96.14	119.59
Total Assets	696.16	713.07	728.35	768.21	687.80

Current Debt	2.40	2.39	1.20	0.81	1.55
Current Lease Liabilities	4.97	5.27	5.33	5.09	5.20
Other Current Liabilities	51.91	52.52	48.38	45.49	46.23
Total Current Liabilities	59.28	60.17	54.91	51.39	52.98
Long-term Debt	45.78	46.38	38.36	26.52	26.95
Long-term Lease Liabilities	52.50	54.38	54.99	56.44	59.28
Other Liabilities	15.43	16.06	17.36	17.41	18.85
Total Liabilities	172.99	177.00	165.63	151.75	158.06
Mezzanine Equity	—	—	0.00	15.64	15.71

Retained Earnings	(19.32)	(17.18)	(4.75)	15.67	22.67
Total Equity	523.17	536.07	562.72	600.81	514.03

	3/31/26	12/31/25	9/30/25	6/30/25
Net Income	(2.56)	(6.95)	(4.36)	(4.57)
D&A	4.45	4.52	4.32	4.16
Δ Working Cap & Other	1.97	8.24	4.97	4.97
Operating Cash Flow	3.86	5.81	4.94	4.56

CapEx	(6.48)	(8.32)	(5.42)	(7.30)
Other Investing	11.82	(2.95)	14.53	7.14
Investing Cash Flow	5.33	(11.27)	9.10	(0.15)

Debt Repayment	(0.60)	(0.55)	(0.45)	(0.94)
Stock Issuance	0.00	0.00	0.00	0.00
Other Financing	(10.40)	(3.50)	(4.21)	4.02
Financing Cash Flow	(11.00)	(4.05)	(4.65)	3.08

Free Cash Flow	(2.62)	(2.51)	(0.49)	(2.74)

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Net Income	(18.43)	(18.31)	3.37	(6.17)	10.38
D&A	17.44	17.02	14.50	19.57	15.12
Δ Working Cap & Other	20.16	19.14	3.37	2.66	(30.67)
Operating Cash Flow	19.16	17.86	21.24	16.06	(5.17)

CapEx	(27.52)	(27.90)	(32.20)	(51.87)	(40.06)
Acquisitions	—	—	0.00	(10.92)	(51.24)
Other Investing	30.54	14.35	60.30	(1.47)	179.16
Investing Cash Flow	3.02	(13.55)	28.10	(64.25)	87.86

Debt Issuance	—	—	—	—	0.00
Debt Repayment	(2.53)	(2.29)	(1.27)	(1.16)	(1.50)
Stock Issuance	0.00	0.53	0.00	37.53	0.21
Other Financing	(14.09)	2.97	(46.28)	(3.42)	(108.43)
Financing Cash Flow	(16.62)	1.21	(47.56)	32.94	(109.73)

Free Cash Flow	(8.36)	(10.04)	(10.96)	(35.81)	(45.22)

	3/31/26	12/31/25	9/30/25	6/30/25
Current Ratio	1.86	1.98	2.07	2.05
Quick Ratio	—	—	—	—
Debt / Equity	0.33	0.33	0.32	0.32
EBITDA Margin %	8.0%	11.0%	11.4%	11.8%
Working Capital	50.79	58.76	65.13	63.55
Net Debt	16.99	17.76	6.34	14.15
ROE %	(0.5%)	(1.3%)	(0.8%)	(0.8%)
ROA %	(0.4%)	(1.0%)	(0.6%)	(0.6%)

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Current Ratio	1.86	1.98	2.14	2.56	2.15
Quick Ratio	—	—	—	—	—
Debt / Equity	0.33	0.33	0.29	0.25	0.31
EBITDA Margin %	10.5%	11.4%	5.6%	11.1%	12.2%
Working Capital	50.79	58.76	62.54	80.00	60.98
Net Debt	16.99	17.76	10.07	4.58	1.46
ROE %	(3.5%)	(3.4%)	0.6%	(1.0%)	2.0%
ROA %	(2.6%)	(2.6%)	0.5%	(0.8%)	1.5%

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-06-01	Kenan Frank H. II	Director	2026-06-01	P	6,033	$12.89	$77,765
2026-06-01	Kenan Frank H. II	Director	2026-05-29	P	10,000	$12.93	$129,302
2026-06-01	Kenan Frank H. II	Director	2026-05-28	P	34,719	$13.37	$464,183
2026-05-27	Royal Jeffrey C	Director	2026-05-27	P	10,000	$12.72	$127,200
2026-05-27	Royal Jeffrey C	Director	2026-05-27	P	10,000	$12.82	$128,200
2026-05-27	Royal Jeffrey C	Director	2026-05-26	P	11,046	$12.82	$141,583
2026-05-27	Royal Jeffrey C	Director	2026-05-22	P	10,000	$12.40	$124,000
2026-04-08	BOSTON OMAHA Corp	10% Owner	2026-04-06	S	(331,500)	$9.05	-$3,000,075
2026-02-17	Weisenburger Joshua Paul	Officer (Chief Financial Officer)	2026-02-12	A	4,061	$12.31	$49,991
2026-02-17	Weisenburger Joshua Paul	Officer (Chief Financial Officer)	2026-02-12	F	(742)	$12.31	-$9,134
2025-12-30	Burt Thomas	Director	2025-12-11	P	14,738	$13.62	$200,792
2025-12-30	Kenan Frank H. II	Director	2025-12-03	P	16,743	$12.94	$216,676
2025-12-30	Kenan Frank H. II	Director	2025-12-03	P	8,000	$12.92	$103,352
2025-12-30	Kenan Frank H. II	Director	2025-12-02	P	6,496	$12.67	$82,328
2025-12-30	Kenan Frank H. II	Director	2025-12-02	P	4,452	$12.65	$56,318
2025-12-30	Royal Jeffrey C	Director	2025-12-01	P	10,000	$12.72	$127,199
2025-12-30	Kenan Frank H. II	Director	2025-12-01	P	44,196	$12.67	$560,118
2025-12-30	Royal Jeffrey C	Director	2025-12-01	A	10,000	$12.72	$127,199
2025-12-15	Burt Thomas	Director	2025-12-11	A	14,738	$13.62	$200,792
2025-12-03	Kenan Frank H. II	Director	2025-12-03	A	16,743	$12.94	$216,676
2025-12-03	Kenan Frank H. II	Director	2025-12-03	A	8,000	$12.92	$103,352
2025-12-03	Kenan Frank H. II	Director	2025-12-02	A	6,496	$12.67	$82,328
2025-12-03	Kenan Frank H. II	Director	2025-12-02	A	4,452	$12.65	$56,318
2025-12-03	Kenan Frank H. II	Director	2025-12-01	A	44,196	$12.67	$560,118
2025-12-03	Royal Jeffrey C	Director	2025-12-01	A	10,000	$12.72	$127,199
2025-11-26	Burt Thomas	Director	2025-11-24	A	4,894	$12.26	$60,000
2025-11-26	Graff David S	Director	2025-11-24	A	4,894	$12.26	$60,000
2025-11-26	Keating Brendan Joseph	Director	2025-11-24	A	4,894	$12.26	$60,000
2025-11-26	Kenan Frank H. II	Director	2025-11-24	A	4,894	$12.26	$60,000
2025-11-26	Royal Jeffrey C	Director	2025-11-24	A	4,894	$12.26	$60,000
2025-11-26	Srinivasan Vishnu	Director	2025-11-24	A	4,894	$12.26	$60,000
2025-05-30	BOSTON OMAHA Corp	10% Owner	2025-05-30	S	(52,839)	$10.30	-$544,369
2025-05-30	BOSTON OMAHA Corp	10% Owner	2025-05-29	S	(18,291)	$10.79	-$197,303
2025-05-30	BOSTON OMAHA Corp	10% Owner	2025-05-28	S	(12,136)	$10.69	-$129,759
2025-05-27	BOSTON OMAHA Corp	10% Owner	2025-05-27	S	(11,198)	$10.07	-$112,765
2025-05-27	BOSTON OMAHA Corp	10% Owner	2025-05-23	S	(24,322)	$10.81	-$262,843
2025-05-27	BOSTON OMAHA Corp	10% Owner	2025-05-22	S	(19,024)	$10.87	-$206,861
2025-05-21	BOSTON OMAHA Corp	10% Owner	2025-05-21	S	(701)	$11.28	-$7,908
2025-05-21	BOSTON OMAHA Corp	10% Owner	2025-05-20	S	(3,842)	$11.68	-$44,874
2025-05-21	BOSTON OMAHA Corp	10% Owner	2025-05-19	S	(31,197)	$11.85	-$369,672
2025-04-28	BOSTON OMAHA Corp	10% Owner	2025-04-28	S	(13,691)	$10.88	-$149,007
2025-04-28	BOSTON OMAHA Corp	10% Owner	2025-04-25	S	(15,383)	$10.95	-$168,436
2025-04-28	BOSTON OMAHA Corp	10% Owner	2025-04-24	S	(12,084)	$11.10	-$134,152
2025-04-23	BOSTON OMAHA Corp	10% Owner	2025-04-23	S	(6,295)	$11.07	-$69,689
2025-04-23	BOSTON OMAHA Corp	10% Owner	2025-04-22	S	(29,658)	$11.04	-$327,362
2025-04-23	BOSTON OMAHA Corp	10% Owner	2025-04-21	S	(17,037)	$11.19	-$190,581
2025-04-17	BOSTON OMAHA Corp	10% Owner	2025-04-17	S	(24,196)	$11.26	-$272,377
2025-04-17	BOSTON OMAHA Corp	10% Owner	2025-04-16	S	(10,406)	$11.08	-$115,311
2025-04-17	BOSTON OMAHA Corp	10% Owner	2025-04-15	S	(5,744)	$11.45	-$65,757
2025-04-14	BOSTON OMAHA Corp	10% Owner	2025-04-14	S	(16,828)	$11.69	-$196,743
2025-04-14	BOSTON OMAHA Corp	10% Owner	2025-04-11	S	(12,768)	$11.39	-$145,426
2025-04-14	BOSTON OMAHA Corp	10% Owner	2025-04-10	S	(24,151)	$11.15	-$269,296
2025-04-09	BOSTON OMAHA Corp	10% Owner	2025-04-09	S	(78,522)	$11.06	-$868,555
2025-04-09	BOSTON OMAHA Corp	10% Owner	2025-04-08	S	(268)	$11.63	-$3,117
2025-04-09	BOSTON OMAHA Corp	10% Owner	2025-04-07	S	(12,438)	$11.74	-$145,961
2025-04-02	BOSTON OMAHA Corp	10% Owner	2025-04-02	S	(45,440)	$12.56	-$570,508
2025-04-02	BOSTON OMAHA Corp	10% Owner	2025-04-01	S	(10,447)	$12.57	-$131,364
2025-04-02	BOSTON OMAHA Corp	10% Owner	2025-03-31	S	(30,197)	$13.29	-$401,212
2025-02-18	BOSTON OMAHA Corp	10% Owner	2025-02-14	S	(4,877)	$11.07	-$53,998
2025-02-14	BOSTON OMAHA Corp	10% Owner	2025-02-13	S	(7,035)	$11.07	-$77,892
2025-02-14	Weisenburger Joshua Paul	Officer (Chief Financial Officer)	2025-02-12	A	3,322	$15.05	$49,996
2025-02-14	LaFoy William Scott	Officer (Pres Link Media Holdings,LLC)	2025-02-12	A	4,000	$15.05	$60,200
2025-02-14	Meisinger Joseph Max	Officer (Chief Accounting Officer)	2025-02-12	A	11,960	$15.05	$179,998
2025-02-14	Meisinger Joseph Max	Officer (Chief Accounting Officer)	2025-02-12	F	(3,535)	$15.05	-$53,202
2025-02-14	BOSTON OMAHA Corp	10% Owner	2025-02-12	S	(2,386)	$11.07	-$26,420
2025-02-14	BOSTON OMAHA Corp	10% Owner	2025-02-11	S	(7,806)	$11.36	-$88,651
2025-01-31	BOSTON OMAHA Corp	10% Owner	2025-01-31	S	(4,405)	$11.03	-$48,608
2025-01-31	BOSTON OMAHA Corp	10% Owner	2025-01-30	S	(10,587)	$11.13	-$117,800
2025-01-31	BOSTON OMAHA Corp	10% Owner	2025-01-29	S	(9,907)	$11.25	-$111,496
2025-01-28	BOSTON OMAHA Corp	10% Owner	2025-01-28	S	(11,475)	$11.32	-$129,923
2025-01-28	BOSTON OMAHA Corp	10% Owner	2025-01-27	S	(13,317)	$11.19	-$149,064
2025-01-28	BOSTON OMAHA Corp	10% Owner	2025-01-24	S	(10,161)	$11.26	-$114,425
2025-01-23	BOSTON OMAHA Corp	10% Owner	2025-01-23	S	(16,470)	$11.38	-$187,363
2025-01-23	BOSTON OMAHA Corp	10% Owner	2025-01-22	S	(10,557)	$11.38	-$120,110
2025-01-23	BOSTON OMAHA Corp	10% Owner	2025-01-21	S	(12,901)	$11.35	-$146,401
2025-01-17	BOSTON OMAHA Corp	10% Owner	2025-01-17	S	(7,861)	$11.36	-$89,292
2025-01-17	BOSTON OMAHA Corp	10% Owner	2025-01-16	S	(23,907)	$11.27	-$269,539
2025-01-17	BOSTON OMAHA Corp	10% Owner	2025-01-15	S	(8,857)	$11.18	-$99,047
2025-01-14	Peterson Adam K	Director, Officer (Chief Executive Officer), 10% Owner	2025-01-10	M	1,262	$8.00	$10,096
2025-01-14	Peterson Adam K	Director, Officer (Chief Executive Officer), 10% Owner	2025-01-10	M	51,516	$10.00	$515,160
2025-01-06	BOSTON OMAHA Corp	10% Owner	2025-01-06	S	(10,029)	$11.65	-$116,806
2025-01-06	BOSTON OMAHA Corp	10% Owner	2025-01-03	S	(18,014)	$11.72	-$211,212
2025-01-06	BOSTON OMAHA Corp	10% Owner	2025-01-02	S	(140)	$12.02	-$1,683
2024-12-31	BOSTON OMAHA Corp	10% Owner	2024-12-31	S	(14,072)	$12.06	-$169,651
2024-12-31	BOSTON OMAHA Corp	10% Owner	2024-12-30	S	(9,077)	$12.06	-$109,448
2024-12-31	BOSTON OMAHA Corp	10% Owner	2024-12-27	S	(15,904)	$12.21	-$194,140
2024-09-24	Briner Bradford B	Director	2024-09-20	A	2,000	$14.92	$29,840
2024-09-24	Keating Brendan Joseph	Director	2024-09-20	A	2,000	$14.92	$29,840
2024-09-24	Kenan Frank H. II	Director	2024-09-20	A	2,000	$14.92	$29,840
2024-09-24	Royal Jeffrey C	Director	2024-09-20	A	2,000	$14.92	$29,840
2024-09-24	Srinivasan Vishnu	Director	2024-09-20	A	2,000	$14.92	$29,840
2024-06-17	Peterson Adam K	Director, Officer (Chief Executive Officer), 10% Owner	2024-06-14	P	8,972	$13.84	$124,172
2024-06-17	Peterson Adam K	Director, Officer (Chief Executive Officer), 10% Owner	2024-06-13	P	4,552	$13.90	$63,273
2024-06-14	Meisinger Joseph Max	Officer (Chief Accounting Officer)	2024-06-14	P	1,445	$13.87	$20,041
2024-06-12	Kenan Frank H. II	Director	2024-06-11	P	30,000	$14.03	$420,981
2024-06-10	Weisenburger Joshua Paul	Officer (Chief Financial Officer)	2024-06-07	P	1,270	$13.85	$17,590
2024-06-10	Peterson Adam K	Director, Officer (Chief Executive Officer), 10% Owner	2024-06-07	P	7,500	$13.97	$104,775
2024-06-07	Peterson Adam K	Director, Officer (Chief Executive Officer), 10% Owner	2024-06-06	P	17,600	$13.88	$244,288
2024-06-07	Peterson Adam K	Director, Officer (Chief Executive Officer), 10% Owner	2024-06-05	P	25,300	$14.37	$363,561
2024-06-06	Royal Jeffrey C	Director	2024-06-06	P	10,000	$13.95	$139,500
2024-06-06	Briner Bradford B	Director	2024-06-06	P	10,000	$13.80	$138,000